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HK rates unchanged

Business | Banking
2008-6-27

HONG Kong banks yesterday followed the overnight decision of the United States Federal Reserve to leave their base rates unchanged. The base rates of banks such as the Hang Seng Bank, the note-issuing HSBC, or the...

Banks raise rate

Business | Banking
2005-12-15

HONG Kong banks yesterday announced they would increase their prime lending rate by 25 basis points, following a similar overnight move in the United States.

Prime rate raised

Business | Banking
2005-8-11

MAJOR Hong Kong banks, including HSBC and Bank of China (Hong Kong), announced yesterday that it would raise the prime rate 25 basis points to 6.75 percent, effective from today.

Lower results expected from banks

Business | Banking
2005-8-1

FIRST-HALF earnings reports of Hong Kong banks, starting with Hang Seng Bank Ltd today, are likely to show slower profit growth 鈥?in some cases markedly 鈥?on a raft of factors led by margin pressures.